[144 Pages Report] The global ductless heating & cooling systems market is projected to be valued at USD 78.62 Billion by 2021, at a CAGR of 8.18% from 2016 to 2021. In this study, 2015 has been considered as the base year and 2016 to 2021, the forecast period, to estimate the global market of ductless heating & cooling systems. The growing demand in the Asia-Pacific, Latin American, and Middle-Eastern & African regions, coupled with the growing demand for energy efficient systems is driving the global ductless heating & cooling systems market during the forecast period.

Objectives of the Study

To define and segment the market for ductless heating & cooling systems by type, application, and region

To estimate and forecast the market for ductless heating & cooling systems in terms of value

To analyze significant region-specific trends of the market in North America, Western Europe, Central & Eastern Europe, the Asia-Pacific region, South America, and the Middle East & Africa

To estimate and forecast the market for ductless heating & cooling systems by type, application, and region at the country level in each of the regions

To identify and analyze the key drivers, restraints, and opportunities, and challenges influencing the ductless heating & cooling systems market

To analyze recent market developments and competitive strategies such as alliances, joint ventures, and mergers & acquisitions to draw the competitive landscape in the market for ductless heating & cooling systems

To strategically identify and profile the key market players and analyze their core competencies in each type, and application of the ductless heating & cooling systems market

This research study used extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the global ductless heating & cooling systems market. The primary sources are mainly several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industrys supply chain. The bottom-up approach has been used to estimate the global market size of ductless heating & cooling systems on the basis of type, application, and region, in terms of value. The top-down approach has been implemented to validate the market size, in terms of value. With the data triangulation procedure, and validation of data through primary interviews, the exact values of the overall parent market and individual market sizes have been determined and confirmed in this study.

This research report categorizes the global market for ductless heating & cooling systems based on type, application, and region and forecasts the revenue growth and provides an analysis of the trends in each of the submarkets.

On the Basis of Type:

Split Systems

Window Air Conditioner Systems

On the Basis of Application:

Residential Buildings

Commercial Buildings

Industrial Buildings

On the Basis of Region:

Asia-Pacific

China

India

Japan

South Korea

Indonesia

Others

North America

U.S.

Canada

Mexico

Western Europe

Germany

France

U.K.

Italy

Others

Central & Eastern Europe

Russia

Turkey

Others

South America

Brazil

Argentina

Others

Middle East & Africa

UAE

Saudi Arabia

Nigeria

Others

These segments are further described in detail with their subsegments in the report, with value forecasts till 2021.

Available Customizations: The following customization options are available for the report:

Company Information

Analysis and profiles of additional global as well as regional market players (Up to three)

The global ductless heating & cooling systems market is projected to reach USD 78.62 Billion by 2021, at a CAGR of 8.18% from 2016 to 2021. Ductless heating & cooling systems are experiencing a high demand from the construction sector in the Asia-Pacific region. Expansions and new product development activities related to the development more energy efficient solutions undertaken by different companies are the key factors driving the growth of the global ductless heating & cooling systems market.

The split systems are expected to be the leading type of ductless heating & cooling systems from 2016 to 2021. Split systems allow the user to control the temperature of individual zones as per need. This gives the user the flexibility of operation and provides saving in operating cost. The major benefit of the split system is the low noise level of the system. Split systems are mainly used in schools, hotels, hospitals, supermarkets, and residential buildings. The growth of the commercial sector will also drive the split systems market during the forecast period.

The residential buildings segment is the largest as well as the fastest-growing application of the ductless heating & cooling systems globally. Residential buildings are major consumers of the ductless heating & cooling systems industry owing to the low energy consumption of the system as compared to the ducted system and the easy installation mechanism. Growing populations, rapid urbanization and strong economic growth in the emerging economies of the Asia-Pacific region are leading to the growth in the residential buildings segment which drives the demand for ductless heating & cooling systems. Mini split ductless heating & cooling systems are the most commonly used type in residential buildings due to its lower capacity and lower operating cost.

The Asia-Pacific region was the fastest-growing market for ductless heating & cooling systems, in terms of value, in 2015 and this trend is expected to continue till 2021. The rapid economic growth and increasing population in countries in this region, such as China, India, Japan, South Korea, Malaysia and Indonesia are leading to a significant increase in the use of ductless heating & cooling systems in residential & commercial buildings. China is the largest market for ductless heating & cooling systems, globally. The market in India is expected to experience the highest growth in the Asia-Pacific region during the forecast period.

Though the global ductless heating & cooling systems market is growing at a fast pace, a few factors are hampering the growth of this market. The higher initial installation cost is a major restraint in the growth of the global ductless heating & cooling systems market.

The various subsegments of ductless heating & cooling systems are, mini split systems, multi split systems, and variable refrigerant flow systems. The refrigerant used in ductless heating & cooling systems produces greenhouse gases which cause ozone depletion. This drawback can be overcome by using eco-friendly refrigerants. Developed nations have very stringent regulations about the use of refrigerants which are harmful for the environment.

Companies such as Samsung Electronics Co. Ltd. (South Korea), Hitachi Ltd. (Japan), United Technologies Corporation (U.S.), LG Electronics (South Korea), and Johnson Controls (U.S.) are the leading market participants in the global ductless heating & cooling systems market. These companies have been adopting various organic and inorganic growth strategies such as expansions, mergers & acquisitions, and new product launches to enhance their market shares for ductless heating & cooling systems.

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